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Property profile & analytics
FOR LEASE
Warehouses
2165 Northmont Pkwy Duluth, GA 30096
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1194811
For Lease
$6.75 SF/Yr
2165 Northmont Pkwy, Duluth, GA 30096
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
2000
Total area
184,247 SF
Lot
12.93 ac (563,231 SF)
Zoning code
M2-HEAVY INDUSTRY
APN
R7118 030
UPID
US22-1194811
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
American Air Filters Big Box & Wholesale Store
-
AAF Flanders - Duluth Facility Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$20.81M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$22.20M
Owner & transaction history
Rreef Cpif 2165 Northmont Parkway G · 4 yrs held
Rreef Cpif 2165 Northmont Parkway G
since 2022
Last sale
$23.0M
6 recorded transactions
Zoning & alternative use
M2-HEAVY INDUSTRY · Duluth, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Duluth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Duluth submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$22,540,000
6.5%
$20,810,000
7%
$19,320,000
Blend value · Realmo final
$22.20M
Range $19.98M – $24.42M · ±10% · vs last sale $23.00M (Jul 7 2022)
Last sale anchor
$23.00M
Jul 7 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$120 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$220,483
Tax year 2024
Assessed value
$6,040,000
Assessed 2024
Previous assessed
$9,128,800
-33.8% YoY
Effective rate
3.65%
On assessed value
Assessed land
$1,019,560
Assessed improvement
$5,020,440
Land market value
$2,548,900
Improvement market value
$12,551,100
Total market value
$15,100,000
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Status
For Lease
Year built
2000
Heating
NONE
Cooling
NONE
Stories
1
Total area
184,247 SF
Lot
12.93 ac (563,231 SF)
Zoning code
M2-HEAVY INDUSTRY
APN
R7118 030
UPID
US22-1194811
Jurisdiction
GWINNETT
Zoning & alternative use
M2-HEAVY INDUSTRY · Duluth, GA
Zoning M2-HEAVY INDUSTRY · permitted uses
M2-HEAVY INDUSTRY · Duluth, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Duluth. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2000
Heating
NONE
Cooling
Yes
Stories
1
Lot
12.93 ac
Current owner
From public records · entity-resolved
Rreef Cpif 2165 Northmont Parkway G
Individual
Free & Clear · 4 yrs held
Mailing address
222 S RIVERSIDE PLZ FL #34, CHICAGO, IL 60606-6886
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2022
$23,000,000
Rreef Cpif 2165 Northmont Parkway G
Ga 2165 Northmont De LLC
Warranty Deed
—
Sep 17, 2021
$21,880,000
Ga 2165 Northmont De LLC
Northmont Owner LLC
Limited Warranty Deed
$430,000,000 · Morgan Stanley Bank
Sep 21, 2020
$17,000,000
Northmont Owner LLC
Gcp-northmont LLC
Grant Deed
related
$12,600,000 · Invesco Cmi Invs LP
Jul 16, 2018
—
Gcp-northmont LLC
Northmont Parkway LLC
Quit Claim Deed
related
—
Jul 16, 2018
$12,500,000
Gcp-northmont LLC
Northmont Parkway LLC
Grant Deed
related
$400,000,000 · Wells Fargo Bk
Oct 13, 2004
$8,726,909
Northmont Parkway LLC
Cabot Industrial Venture LLC
Deed Of Trust
related
$7,650,000 · Bank One NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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